Equinix, Inc. | REIT Profile

Symbol: EQIX
CIK: 1101239
Exchange: NASDAQ
Founded: 1998 (24 years)
HQ: Redwood City, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Data Centers

See EQIX on Google Finance
See EQIX on Yahoo Finance
See EQIX on SEC.gov

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About Equinix, Inc.

Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the world's most connected data centers in 44 markets across five continents. In the United States, Equinix operates data centers in Atlanta, Boston, Chicago, Dallas, Denver, Los Angeles, Miami, New York, Philadelphia, Seattle, Silicon Valley and Washington D.C.


Equinix, Inc. Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$568.10 N/A $567.57 N/A N/A $581.59 392,667 -$13.50 -2.32% $51,739,357,223 80.93 $842.01 $567.57 -32.63%

Last update: 2022-09-27 12:57:20 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 7.9

Hightlights of Trading Day September 26, 2022


Open Price: $590.18
Closing Price: $581.59
Price Change: -11.54 (-1.946%)
Lowest Price: $576.05
Highest Price: $595.06
52-Week Low: $576.05
52-Week High: $842.01
52-Week Change: -27.72%
5 Day Price Change: -5.06%
1 Month Price Change: -13.98%
3 Month Price Change: -13.56%
6 Month Price Change: -15.71%
YTD Price Change: -28.93%
1 Year Price Change: -27.72%
2 Year Price Change: -18.45%
5 Year Price Change: 48.55%

Dividend of Trading Day September 26, 2022


Dividend Yield: 2.132%*
Annualized Dividend: $12.4*
Dividend Yield (TTM): 2.038%
Annualized Dividend (TTM): $12.0899
Ex-Dividend Date: 2022-08-16
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Equinix, Inc.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for EQIX.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q2 AFFO $--- $--- ---%
2022 Q2 FFO $--- $--- ---%
2022 Q1 AFFO $--- $--- ---%
2022 Q1 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day September 26, 2022


Total Cash: $1,891,311,000
Current Debt: $1,608,944,000
Revenue: $6,933,155,000
Gross Profit: $3,290,938,000
Total Revenue: $6,933,155,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $2,830,657,000
Revenue Per Share: $76
Revenue Per Employee: $796,914
Employee: 10,013
Debt to Equity Ratio (D/E): 2.73
Profit Margin: 0.09%
Enterprise Value (EV): $70,953,867,960
Enterprise Value to Revenue (EV/R): 10.23
Price to Sales (P/S): 8.36
Price to Book (P/B): 5.45
Price/Earnings-to-Growth (PEG) Ratio: 1.07
P/E Ratio: 82.85
P/E High: 129.72
P/E Low: 101.48
Forward P/E Ratio: 85.10
Market Capitalization: $52,968,416,844
Beta: 0.91
Latest Volume: 658,328
Avg. Total Volume: 458,097
Avg. 10-Day Volume: 733,106
Avg. 30-Day Volume: 458,097
TTM EPS: 7.02
Shares Outstanding: 91,075,185
Float: N/A
50-Day Moving Avg.: $660.77
200-Day Moving Avg.: $678.00

Latest REIT Community Comments on #EQIX


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Properties Owned by EQIX


EQIX Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $560.17 per share you would have been able to buy 1 shares of EQIX on 2021-09-27 costing $560.17 @ $560.17 per share you would have been able to buy 0 shares of EQIX on 2021-09-27 costing $0.00 @ $560.17 per share you would have been able to buy 0 shares of EQIX on 2021-09-27 costing $0.00 @ $560.17 per share you would have been able to buy 0 shares of EQIX on 2021-09-27 costing $0.00 @ $560.17 per share you would have been able to buy 0 shares of EQIX on 2021-09-27 costing $0.00
Current worth On 2022-09-26 these 1 shares would be worth $581.59 @ $581.59 On 2022-09-26 these 0 shares would be worth $0.00 @ $581.59 On 2022-09-26 these 0 shares would be worth $0.00 @ $581.59 On 2022-09-26 these 0 shares would be worth $0.00 @ $581.59 On 2022-09-26 these 0 shares would be worth $0.00 @ $581.59
Dividends earned $12.17 in dividends would have been earned since 2021-09-27 with 1 shares. $0 in dividends would have been earned since 2021-09-27 with 0 shares. $0.00 in dividends would have been earned since 2021-09-27 with 0 shares. $0.00 in dividends would have been earned since 2021-09-27 with 0 shares. $0.00 in dividends would have been earned since 2021-09-27 with 0 shares.
Net (gain / loss)* 33.59 USD 0.00 USD 0.00 USD 0.00 USD 0.00 USD
ROI** 6.00% nan% nan% nan% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by EQIX. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
EQIX 2022-08-16 3.100 --- 2022-07-27 2022-08-17 2022-09-21
EQIX 2022-05-17 3.100 --- 2022-04-27 2022-05-18 2022-06-15
EQIX 2022-03-04 3.100 8.01% 2022-02-16 2022-03-07 2022-03-23
EQIX 2021-11-16 2.870 --- 2021-11-03 2021-11-17 2021-12-15
EQIX 2021-08-17 2.870 --- 2021-07-28 2021-08-18 2021-09-22
EQIX 2021-05-18 2.870 --- 2021-04-28 2021-05-19 2021-06-16
EQIX 2021-02-23 2.870 7.89% 2021-02-10 2021-02-24 2021-03-17
EQIX 2020-11-17 2.660 --- 2020-10-28 2020-11-18 2020-12-09
EQIX 2020-08-18 2.660 --- 2020-07-29 2020-08-19 2020-09-23
EQIX 2020-05-19 2.660 --- 2020-05-06 2020-05-20 2020-06-17
EQIX 2020-02-25 2.660 8.13% 2020-02-12 2020-02-26 2020-03-18
EQIX 2019-11-19 2.460 --- 2019-10-30 2019-11-20 2019-12-11
EQIX 2019-08-20 2.460 --- 2019-07-31 2019-08-21 2019-09-18
EQIX 2019-05-21 2.460 --- 2019-05-01 2019-05-22 2019-06-19
EQIX 2019-02-26 2.460 7.89% 2019-02-13 2019-02-27 2019-03-20
EQIX 2018-11-13 2.280 --- 2018-11-01 2018-11-14 2018-12-12
EQIX 2018-08-21 2.280 --- 2018-08-08 2018-08-22 2018-09-19
EQIX 2018-05-22 2.280 --- 2018-05-02 2018-05-23 2018-06-20
EQIX 2018-02-23 2.280 14.00% 2018-02-14 2018-02-26 2018-03-21
EQIX 2017-11-14 2.000 --- 2017-11-01 2017-11-15 2017-12-13

Earnings Press Releases


Below are the Earnings Press Releases for EQIX. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 EQUINIX REPORTS FIRST QUARTER 2022 RESULTS
2021 Q4 Equinix Reports Fourth Quarter And Full Year 2021 Results

Financial Statements Overview


The next Earnings Report for EQIX is 2022-11-02

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 1,891,311,000 1,695,305,000 1,536,358,000 1,379,100,000
Receivables 812,769,000 780,404,000 869,156,000 792,101,000
Inventory 0 0 0 0
Current Assets 3,289,947,000 3,062,796,000 2,957,101,000 2,899,363,000
Current Assets (Other) 514,313,000 471,894,000 263,204,000 492,832,000
Short Term Investments 514,313,000 471,894,000 263,204,000 492,832,000
Long-term Investments 25,748,267,000 24,960,437,000 24,961,597,000 24,874,768,000
Property, Plant & Equipment Net 15,455,180,000 15,512,991,000 15,445,775,000 15,307,049,000
Goodwill 5,585,330,000 5,316,079,000 5,372,071,000 5,401,744,000
Intangible Assets 1,982,434,000 1,877,541,000 1,935,267,000 1,994,023,000
Other Assets 1,272,090,000 1,019,569,000 620,293,000 846,080,000
Net Tangible Assets 3,062,020,000 3,749,265,000 3,574,744,000 3,172,996,000
Total Assets 29,038,214,000 28,023,233,000 27,918,698,000 27,774,131,000
Accounts Payable 0 0 84,084,000 0
Liabilities (Other) 789,644,000 740,748,000 423,124,000 729,264,000
Current Liabilities (Other) 1,430,758,000 1,426,610,000 1,340,942,000 1,565,043,000
Total Current Liabilities 1,608,944,000 1,607,014,000 1,605,954,000 1,781,136,000
Current Long-term Debt 178,186,000 180,404,000 180,928,000 216,093,000
Long-term Debt 14,718,585,000 13,672,583,000 13,560,389,000 13,547,668,000
Total Liabilities 18,408,430,000 17,080,348,000 17,036,616,000 17,205,368,000
Minority Interest -190,000 -75,000 -318,000 -190,000
Common Stock 91,036,000 90,771,000 90,252,000 89,858,000
Retained Earnings -4,112,070,000 -4,041,767,000 2,260,493,000 -3,765,718,000
Treasury Stock -98,792,000 -107,949,000 -112,208,000 -112,696,000
Capital Surplus 0 0 0 0
Shareholder Equity 10,629,784,000 10,942,885,000 10,882,082,000 10,568,763,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 1,817,154,000 1,734,447,000 1,706,378,000 1,675,176,000
Cost of Revenue 930,257,000 915,875,000 910,435,000 885,650,000
Gross Profit 886,897,000 818,572,000 795,943,000 789,526,000
Research and Development 0 0 0 0
Selling General and Admin 564,075,000 545,198,000 533,509,000 517,622,000
Operating Expense 1,499,395,000 1,465,313,000 1,451,629,000 1,408,469,000
Operating Income 317,759,000 269,134,000 254,749,000 266,707,000
Income Expense Net (Other) 94,000 -1,818,000 -5,024,000 15,414,000
EBIT 317,853,000 267,316,000 249,725,000 282,121,000
Interest Income 86,318,000 77,859,000 79,097,000 78,532,000
Pretax Income 224,877,000 180,437,000 165,040,000 205,250,000
Income Tax 8,635,000 32,744,000 41,899,000 53,224,000
Minority Interest -80,000 240,000 -133,000 -190,000
Net Income 216,322,000 147,453,000 123,274,000 152,216,000
Net Income Basic 216,322,000 147,453,000 123,274,000 152,216,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income 216,322,000 147,453,000 123,274,000 152,216,000
Depreciation 433,270,000 435,340,000 426,101,000 418,931,000
Changes in Receivables 812,769,000 780,404,000 869,156,000 792,101,000
Changes in Inventories 0 0 0 0
Cash Change 1,891,311,000 1,695,305,000 1,536,358,000 1,379,100,000
Cash Flow 801,581,000 581,123,000 892,105,000 664,746,000
Capital Expenditures -484,830,000 -412,518,000 -817,405,000 -590,640,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -1,369,122,000 -258,759,000 -820,696,000 -821,631,000
Dividends Paid 0 0 0 0
Net Borrowings 12,491,147,000 11,685,788,000 11,941,755,000 11,891,829,000
Cash Flow Financing 862,293,000 -168,915,000 92,822,000 -266,387,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
7 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.8
8 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
5 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.9
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 7.0
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
7 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.3
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.7
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.7
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.3
Rating Asset & Revenue Section Avg. Rating
0 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
5 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.9
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
2 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 3.5
7.9 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-09-27 - v3.5